European Market Predicted To Melt Down Within Next 12 Months

In today's On the News segment: European market predicted to melt down within next 12 months, Occupy Wall Street spurs protests in at least ten other cities, Corrections Corporation of America has boosted its  lobbying spending by 165 percent in the past decade, and more.

TRANSCRIPT

Thom Hartmann here – on the news…"The governments don’t rule the world -Goldman Sachs rules the world"

You need to know this. Congress did what it does best these days – set up another crisis for six weeks from now. Last night – Senate Republicans – working in lock-step with their buddies in the House who are on vacation – filibustered the Democrat's spending bill that included over $3 billion in much-needed disaster relief aid. So instead – to get enough Republicans on board – Senate Majority Leader Harry Reid had to strip out the funding for disaster relief – and focus strictly on funding the government to prevent a shutdown at the end of the week – which he did. So it looks like Congress narrowly averted a government shutdown again – yet FEMA funding is still in danger should Republicans choose to hold it hostage again demanding deep, job-killing spending cuts like firing cops and teachers in six weeks when this short-term funding bill runs out. The heck with helping people rebuild their homes – Speaker John Boehner and the rest of his clan need their sun-soaked vacations to figure out who to use this as an excuse to lay off. Gotta drive up that unemployment rate for the 2012 presidential election, after all.

Are the banksters fueling a global market meltdown? Heads turned yesterday – when stock trader Alessio Rastani went on the BBC and predicted that the Eurozone is going to crash within the next twelve months – and that a lot of banksters will make a fortune off it. "This problem cannot be solved,” Rastani said. “I’m fairly confident that the Euro is going to crash, and it’s going to fall pretty hard.” Rastani then admitted that he – as well as traders in giant banks on Wall Street - have actually placed bets that global markets will crash, and are poised to make huge profits if their bets come in. Rastani said, “The depression in the 30′s wasn’t just about a market crash. There were some people who were prepared to make money from that crash. I think anybody can do that. The governments don’t rule the world,” Rastani added, “Goldman Sachs rules the world. Goldman Sachs does not care about this rescue package.” From manipulating food prices that spark a hunger crisis around the world – to distorting oil prices that trigger recessions here in the United States – to bringing down an entire global economy – it’s all part of a day’s work for traders like Rastani and Goldman Sachs. How much longer are we going to let speculators and banksters run the show – and screw us all over?

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